SOFTBANK Venture Capital Names First Venture Partner, Ryan McIntyre; Excite Co-Founder Teams with Leading Internet Venture Capital Fund.Business Editors/High-Tech Writers MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Nov. 1, 2000 SOFTBANK Venture Capital, the leading Internet venture capital fund, today named Ryan McIntyre, co-founder of Excite, as its first venture partner. McIntyre joined the fund early this year as a Netbatsu development officer. "We knew we were very lucky when Ryan joined us back in March. He is well-known from his status as a leading entrepreneur entrepreneur (än'trəprənûr`) [Fr.,=one who undertakes], person who assumes the organization, management, and risks of a business enterprise. ," said Gary Rieschel, executive managing director for SOFTBANK Venture Capital. "These past ten months have been a rich experience for our team and our entrepreneurs. As our first venture partner, Ryan will continue to work closely with our management team, serve as advisor to our portfolio, investigate and source more deals, and serve on more of our portfolio company boards." "Being part of the SBVC SBVC San Bernardino Valley College SBVC Saginaw Bay Visitors Center (Bay City, Michigan) team has been a fantastic experience," stated McIntyre. "I have been able to leverage my entrepreneurial en·tre·pre·neur n. A person who organizes, operates, and assumes the risk for a business venture. [French, from Old French, from entreprendre, to undertake; see enterprise. experience of having founded Excite and helping build it into a world-class Internet company of over 2,000 technology professionals. As SBVC's first venture partner, I will have the opportunity to collaborate with and learn more from the managing directors here as we build exceptional companies around innovative technologies and services." About SOFTBANK Venture Capital SOFTBANK Venture Capital works with the best entrepreneurs to create the most powerful companies of the Internet economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. . SOFTBANK Venture Capital has $2.5 billion under its management, over 150 leading Internet companies in its portfolio, and an unparalleled investment team of former CEOs and entrepreneurs, technology pioneers, senior executives from major technology corporations, and leaders from the investment banking community. Companies in its portfolio include Art Technology Group, BUY.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. , E*TRADE, Interliant, iPrint.com, Net2Phone, PeoplePC, Preview Systems, Support.com and TeraBeam Networks. For more information, visit www.sbvc.com. About SOFTBANK SOFTBANK CORP. is one of the world's Internet leaders. Through its ownership positions in more than 400 Internet companies and its unique, global approach to building Internet enterprises, it is able to realize unprecedented synergies among its group of companies. In the U.S., SOFTBANK is the largest shareholder in leading Internet companies including Yahoo!, E*TRADE, and ZDNet. In Japan, SOFTBANK's activities encompass online financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , e-commerce, online media and marketing services, e-business solutions, and joint ventures with industry leaders including Microsoft, Cisco, Yahoo!, and the National Association of Security Dealers (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). ). SOFTBANK has established Internet joint ventures with Vivendi in Europe and with News Corp. in the U.K., India, Australia, and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. . SOFTBANK is building Internet ventures in Greater China, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , and Korea; and has joined with the World Bank to help bridge the digital divide in emerging markets worldwide. For more information, visit www.softbank.co.jp and www.softbank.com. |
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